Peace T-shirt Design

This is how Peace works in this world!

It is estimated that yearly, over 1.5 trillion United States dollars are spent on military expenditures worldwide (2.7% of World GDP). This represents a decline from 1990 when military expenditures made up 4% of world GDP. Part of this goes to the procurement of military hardware and services from the military industry. The combined arms sales of the top 100 largest arms producing companies amounted to an estimated $395 billion in 2012 according to Stockholm International Peace Research Institute (SIPRI). In 2004 over $30 billion were spent in the international arms trade (a figure that excludes domestic sales of arms). According to SIPRI, the volume of international transfers of major weapons in 2010–14 was 16 per cent higher than in 2005–2009. The five biggest exporters in 2010–14 were the United States, Russia, China, Germany and France, and the five biggest importers were India, Saudi Arabia, China, the United Arab Emirates (UAE) and Pakistan. The arms trade has also been one of the sectors impacted by the credit crunch, with total deal value in the market halving from US$32.9 billion to US$14.3 billion in 2008.

For clarity’s sake, here is the list of the world’s top 10 arms exporters, along with their respective shares of global exports between 2010 and 2014, from SIPRI:

1. United States: 31%
2. Russia: 27%
3. China: 5%
4. Germany: 5%
5. France: 5%
6. U.K.: 4%
7. Spain: 3%
8. Italy: 3%
9. Ukraine: 3%
10. Israel: 2%